Faction Technology founder and CEO Ain McKendrick didn’t have the $1 billion or the time that a typical automotive program might need to design and manufacture an EV that could be used for driverless delivery. So, he turned to power sports to fulfill his vision of a micro-logistics service that can be used for driverless… Continue reading Faction raises $4.3M to deploy 3-wheeled EVs for driverless delivery
Tag: Mobility
Taking Lyft’s new e-bike for a spin
The bike had none of the usual signage when I took it for a spin around the chaotic and construction-filled streets of Manhattan. It very much looked like a prototype, with visible soldering on the joints and a not-quite-complete AV system. But it handled well, when merging in and out of traffic — and at… Continue reading Taking Lyft’s new e-bike for a spin
Synctera raises $33M Series A to pair fintechs with banks
Synctera, which aims to serve as a matchmaker for community banks and fintechs, has raised $33 million in a Series A round of funding led by Fin VC. The raise comes just under six months after the fintech raised $12.4 million in a seed round of funding. New investors Mastercard and Gaingels also participated in… Continue reading Synctera raises $33M Series A to pair fintechs with banks
Goa start-up BLive pushes pedal power, and fun over fuel
It’s World Bicycle Day today, one which celebrates the simplicity and sustainability of this enjoyable means of transportation. In a time of social distancing brought about in a Covid-ravaged world, bicycling is finding a new wave of followers, pedal power aficonadoes from the past and plenty of millennials too. Among the many start-ups looking to… Continue reading Goa start-up BLive pushes pedal power, and fun over fuel
Why EV Stocks Are Poised To Explode This Summer
Hundreds of billions of private dollars are being poured into the EV industry … and that’s on top of Biden’s $174 billion for subsidies and charging stations. There is no stopping the surge. General Motors (NYSE:GM) is investing $27 billion in EVs over the next five years. It used the Superbowl for its breakout. Now,… Continue reading Why EV Stocks Are Poised To Explode This Summer
Why Xpeng Stock Is Higher Today
Reuters Explainer: Tesla drops radar; is Autopilot system safe? Tesla Inc has dropped radar sensors from its semi-autonomous driving system, Autopilot, raising concerns over the safety of the camera-only version, Tesla Vision. Tesla aims to make the driver-assist system fully self-driving, and many in that young industry are skeptical that a vision-only system will work,… Continue reading Why Xpeng Stock Is Higher Today
Sydney: the world’s first truly multimodal city
Sydney residents will soon be able to use their Opal cards for different modes of transportation and get cash back in the Australian city when they do. Sydney residents will be able to use their Opal cards on other forms of transport, including share bikes and Uber rides, under a new scheme. The trial, which… Continue reading Sydney: the world’s first truly multimodal city
Big Money Is Still Making Huge Bets on Electric Vehicles
– FN Media Group Presents Oilprice.com Market Commentary LONDON, June 2, 2021 /PRNewswire/ — Hundreds of billions of private dollars are being poured into the EV industry … and that’s on top of Biden’s $174 billion for subsidies and charging stations. There is no stopping the surge. Mentioned in today’s commentary includes: Tesla (NASDAQ:TSLA), NIO Limited (NYSE:NIO),… Continue reading Big Money Is Still Making Huge Bets on Electric Vehicles
Local Motors partners with door2door for joint development of autonomous shuttle ridepooling and analytics software
CHANDLER, Ariz., June 2, 2021 /PRNewswire/ — Local Motors, a leader in the design and manufacturing of autonomous vehicles, announced today, they’ve reached a strategic agreement with door2door, a leading Berlin-based mobility software, and technology company, to develop ride-pooling software for Local Motors’ electric autonomous vehicle, Olli 2.0. This is the first step between the… Continue reading Local Motors partners with door2door for joint development of autonomous shuttle ridepooling and analytics software
Cinemo Receives 2021 Frost & Sullivan Technology Innovation Leadership Award
“Cinemo’s high-tech, robust, and innovative IVI product offers a best-in-class in-vehicle user experience, both embedded and in the cloud,” said Anubhav Grover, Research Analyst. “Through continuous innovation, Cinemo has upgraded its solution with new features such as integrated connectivity, reliability, scalability, and portability. Its multi-operation system and cloud-based, secure operations center expedites the development process,… Continue reading Cinemo Receives 2021 Frost & Sullivan Technology Innovation Leadership Award